Access National Appoints Mark Moore President of Bank
June 02 2016 - 11:21AM
Business Wire
Expands Leadership for Continued
Growth
Access National Corporation (NASDAQ: ANCX) (the
“Company”), announced today that Mark Moore has been appointed
President of its primary subsidiary, Access National Bank. The
appointment is effective June 23, 2016.
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View the full release here:
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Mark Moore (Photo: Business Wire)
According to CEO Michael Clarke, “I am thrilled to have forged a
management partnership with such a highly respected competitor and
former colleague uniquely qualified to lead our bank and expand its
presence in the marketplace. As a 30 year veteran of the local
commercial and investment banking landscape, Mark has deep
experience and expertise in delivering on-target banking services
to emerging middle market companies that aligns perfectly with our
target market. Throughout his successful career, Mark has placed a
priority focus on delivering smart and timely credit to our most
significant industry segment, government service contractors. In
this expansionary position, Mark will play a critical role in
further elevating Access National as the bank of choice for
emerging middle market businesses in the Washington Metropolitan
Market.”
Moore followed: “As a former colleague, I admire the drive and
entrepreneurial spirit Mike Clarke and Bob Shoemaker put into play
when they launched Access National nearly 17 years ago. It was
truly organized by experienced bankers and built for business. As
we explored this idea of joining together, I became increasingly
impressed with the Access culture that favors strong credit skills
and business acumen aimed at helping middle market companies and
their leaders build and preserve wealth. This high-profile
leadership role allows me to further shape and advance a reputation
as the bank of choice for middle market companies. Importantly, we
will continue to serve clients in a way that also sustains the
legacy of exceptional financial performance that protects Bank
depositors and rewards our shareholders.”
As a primary representative of the Bank, Moore will assume
leadership for raising visibility, accelerating business
development, and delivering targeted growth. In addition to
assuming primary leadership of the Bank’s various lending lines of
business, Moore will dedicate considerable energies to the
development of next-generation management succession by first
mentoring existing talent and then recruiting qualified and
ambitious managers, lenders and credit professionals.
About Mark Moore
Prior to this appointment, Moore was Executive Vice President
and Chief Lending Officer of John Marshall Bank, a $940 million
community bank also based in Reston, Virginia. Moore’s career has
spanned 30 years, the vast majority of which has centered on
providing premier banking and lending services to local enterprises
within the Washington DC marketplace, while building strong
infrastructures and talented teams for his own companies. Market
sectors served have featured government contracting and technology,
commercial and residential real estate, and various specialized
sectors.
Complementing his commercial banking expertise is the valuable
experience he gained serving as a partner of two distinguished
Northern Virginia-based investment banking firms that provided
M&A advisory services, private equity investments, and capital
formation support to the government contracting and technology
sectors (The McLean Group and Longstreet Partners, 2001 -
2006).
His commercial banking career has been with leading institutions
in the Company’s current marketplace — M&T Bank, 2006 - 2008;
United Bank, 1998 - 2000; George Mason Bank (acquired by United
Bank), 1992 - 1998; and First American Bank of Virginia, 1985 -
1992.
Throughout his career Moore has served in a variety of
leadership roles at prominent business organizations including the
Fairfax County Chamber of Commerce (Chairman, 2013 - 2014); the
Small and Emerging Contractors Advisory Forum “SECAF” (Chairman,
2006 - 2008); the Advisory Board of Virginia Tech’s Finance
Department of the Pamplin College of Business (Vice Chairman 2015 -
present); and Leadership Fairfax (Class of 2000).
Moore has a B.S. in Finance from Virginia Tech.
About Access National and its
leadership
As indicated prior in this release, this is an expansionary
role. Michael Clarke remains President and CEO of Access
National Corporation and CEO of the Bank. He is relinquishing the
title of President of the Bank with this appointment. Robert
Shoemaker is being elevated to Chief Banking Officer from the
current position of Executive Vice President and Chief Lending
Officer. As Chief Banking Officer, Mr. Shoemaker will be
responsible for shaping and directing the banking strategies
designed to drive the most desirable mix of risk adjusted returns
for the Company. Mr. Shoemaker also serves on the Board of
Directors of both the Bank and the Holding Company. There are no
changes to the Company’s Named Executive Officers for SEC reporting
purposes.
Access National Corporation is the parent company of Access
National Bank, a nationally chartered bank reporting assets of $1.2
billion based in Reston, Virginia. The company provides on-target
financial services to middle market companies and their leadership
in select industries around the National Capital Region. The focus
is on operating companies reporting $1-100 million in revenue. The
Company recently reported its 63rd consecutive quarter of
profitability and declared its 41st consecutive quarterly dividend
over its history of 65 quarters or 16.25 years. Most recently, the
Access National was recognized for its consistent financial
performance by the American Banker
ranking #12 across the nation and ranked the highest among banking
companies located in the Washington Metropolitan Market and across
Virginia.
This press release contains “forward-looking statements” within
the meaning of the federal securities laws. These statements may be
identified as “may”, “could”, “expect”, “believe”, anticipate”,
“intend”, “plan” or variations thereof. These forward-looking
statements may contain information related to those matters such as
the Company’s intent, belief, or expectation with respect to
matters such as financial performance. Such statements are
necessarily based on assumptions and estimates and are inherently
subject to a variety of risks and uncertainties concerning the
Company’s operations and business environment, which are difficult
to predict and beyond control of the company. Such risks and
uncertainties could cause the actual results of the Company to
differ materially from those matters expressed or implied in such
forward-looking statements. For an explanation of certain risks and
uncertainties associated with forward-looking statements, please
refer to the Company’s Annual Report on Form 10-K and other SEC
filings.
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Access National CorporationMichael Clarke, 703-871-2100
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